Union Midcap Fund Direct – Growth is an equity mutual fund scheme offered by Union Mutual Fund. Although the exact launch date of the scheme is not specified, it has accumulated an Asset Under Management (AUM) of ₹1,428.97 Crores. As of February 8, 2025, the scheme’s latest Net Asset Value (NAV) stands at ₹46.090.
In terms of performance, the scheme has delivered a return of 13.03% over the past year. Over a three-year period, it has generated a return of 61.51%. Since its inception, the scheme has achieved an impressive cumulative return of 341.77%.
Union Midcap Fund Return
| Period | This fund | Category average |
|---|---|---|
| 1 month | -7.06% | -6.08% |
| 3 months | -5.57% | -5.81% |
| 6 months | -4.97% | -3.92% |
| 1 year | 13.05% | 15.6% |
| 3 years | 18.03% | 20.7% |
Union Midcap Fund Top 5 Holdings
| Name | Sector | Instrument | Assets |
|---|---|---|---|
|
The Federal Bank Ltd.
|
Financial | Equity | 3.19% |
|
Voltas Ltd.
|
Consumer Discretionary | Equity | 2.84% |
|
Coforge Ltd.
|
Technology | Equity | 2.65% |
|
Persistent Systems Ltd.
|
Technology | Equity | 2.51% |
|
Dixon Technologies (India) Ltd.
|
Capital Goods | Equity | 2.32% |
Sector Allocation in Union Midcap Fund
| Sector | Allocation (%) | Amount (₹ Cr) |
|---|---|---|
| Capital Goods | 17.10% | ₹244.35 Cr |
| Financial | 14.55% | ₹207.91 Cr |
| Services | 13.34% | ₹190.62 Cr |
| Healthcare | 9.79% | ₹139.90 Cr |
| Technology | 9.47% | ₹135.32 Cr |
| Others | 35.75% | ₹510.86 Cr |
Disclaimer: Mutual fund investments are subject to market risks. Please read the scheme information document and other related documents carefully before investing. Past performance is not indicative of future results. The information provided in this article is for informational purposes only and should not be construed as investment advice or a recommendation. Readers are advised to seek independent financial advice before making any investment decisions. The author and the publication are not responsible for any investment losses incurred based on the information in this article.
